TradingtheRightSide

TradingtheRightSide

AUDJPY overview AUDJPY has broken the low created in December last year, which confirms that the most probable path is continuing the bearish corrective cycle WXY until reaching at least 81.455. This fact opens us the opportunity to look for shorting opportunities until we reach that level. We will not blindly enter to sell AUDJPY in any case. Only if we see...

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We have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the...

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EURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most...

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Bitcoin Forecast Technically the correction (II) in the super cycle degree (red) should have reached the 12,230 level to end the correction and start the new bullish cycle. However, the possibility that this will not happen is high as it seems that in Nov 2022 we ended this long corrective cycle. Even though another push low is not 100% discarded, we forecast...

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Gold Forecast Gold is in a bullish cycle, and we will look for long opportunities when we see a clear 3 legs-down corrective structure. Unfortunately, the connector (B) of the current (A)(B)(C) is too shallow and it does not retrace enough according to our strategy to allow us to enter when the price reaches the IZ (grey zone). We do expect the price will...

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Our view about the Bitcoin situation. The corrective cycle that started one year ago is reaching the last stages. Even though the current price could be an excellent option to buy BTC, we still believe BTC will make new lows until it goes down to the 12,000 level and reaches the Inflection Zone (green area) to end the corrective cycle. From there, we expect it...

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Medium-term Gold forecast. The corrective cycle that started 2 years ago has finally ended, and we have already started the new bullish cycle. This cycle is wave 5 (orange) and is expected to reach at least the 2,100 level. We bought Gold when the price was in the Inflection Zone (green area). At this moment, we are risk-free and waiting for the confirmation of...

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Hello traders, today we want to share our view of the EURJPY. The long-term cycle is bullish and we believe there will be at least one more swing high or, in other words, another bullish cycle. This idea has the target of taking profit from this bullish cycle, There are two potential paths as we showed in the graph 1- Our forecast is that EURJPY will have to...

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Hello traders, Today we want to share our view of the GBPUSD. The long-term cycle is bearish and we believe there will be at least one more swing low or, in other words, another bearish cycle. This idea has the target of taking profit from this bearish cycle, There are two potential paths as we showed in the graph 1- Our forecast is that GBPUSD will have to...

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Hi traders, Today we want to talk about crude oil. We forecast that the correction of the oil initiated on March 2022 is over and we already have started wave III in the cycle degree (orange). These are the 2 main reasons 1- The expected minimum level for the WXY correction was reached (87.086). We can see clearly that the price has bounced from the Inflexion...

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Hi traders, SP 500 is in a corrective cycle that started at the beginning of 2022. We do expect further down to end the WXY corrective structure. This will create new lows and it will break down the 3480 level. Considering that, we can take advantage of it by trading the end of B in the intermediate degree (blue) and riding the whole wave C before ending the...

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Hello, EURUSD's right side of the market is down. At this moment, it is inside a corrective cycle from Sep-22. This correction has an abc structure, and we expect it to reach the green zone before turning down and continuing the USD strength cycle. Therefore we can sell EURUSD once the price reaches the IZ (green area) having as a target, at least, the 0.9555...

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Hi traders, today we want to explain why market structure analysis is as important as a good entry signal strategy. Note: For this article, we differentiate the entry signal from the market structure analysis. In some cases, the entry signal considers also the market structure but in these cases, we could easily split the set of rules into rules to define the...

TradingtheRightSide Updated 

The GBPJPY is inside a corrective cycle that started on June 2022. It is doing a WXY structure in the primary degree (green) and we expect that it will be doing another bearish cycle in a lower degree cycle (minor degree) until it reaches, at least, the 158.944 level. We will be monitoring this pair to look for long opportunities once the 158.944 level is...

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US Indices, and SP500 in particular, are inside a corrective wave 2 in the cycle degree. We expect the correction will continue and we will see lowers lows. When the X in the primary degree ends (green X), we will be able to project the zone where this correction will end and when the price reaches this Inflexion Zone, we will buy the indices. There are 2 paths,...

TradingtheRightSide Updated 

Natural Gas can provide us a long opportunity in the next 24-48 hours. It is correcting the cycle in minor degree (grey) which started on aug-8th, the correction is making an ABC structure and we expect it will reach the 8.709 level before resuming the uptrend. Once the price is in the green area, what we call Inflexion Zone, we will be entering the market long to...

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Hello traders, today we will provide a long-term trading idea. It is that long-term that you could use it as an investing idea and buy gold (the asset, not the derivative) and hold it. The chart shows you the corrective pattern that started in July 2020 is in the last stages and it can be ending soon. The price is now in wave 5 in the intermediate degree (blue),...